Beijing, Sept. 1 -- Chinese Ambassador to India Xu Feihong on Monday announced a series of new initiatives that China will implement for the benefit of Shanghai Cooperation Organisation (SCO) member states.

"Going forward, China plans to implement 100 'small and beautiful' livelihood projects in member states with such need. It will provide RMB 2 billion yuan in grant to SCO member states within this year, and will issue an additional RMB 10 billion yuan in loan to the member banks of the SCO Interbank Consortium over the next three years," Xu posted on X.

He further said, "Starting from next year, China will double the current number of SCO-specific scholarships, and launch an SCO innovative PhD program to jointly train high-caliber ta...